SS&H Financial Advisors Inc. Sells 1,500 Shares of Masco Corporation $MAS

SS&H Financial Advisors Inc. reduced its holdings in shares of Masco Corporation (NYSE:MAS) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,125 shares of the construction company’s stock after selling 1,500 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Masco were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Masco by 10.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock worth $1,580,000 after purchasing an additional 2,184 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock worth $769,000 after purchasing an additional 270 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Masco by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after purchasing an additional 206,311 shares during the last quarter. Entropy Technologies LP acquired a new stake in Masco during the 1st quarter worth approximately $3,946,000. Finally, Swedbank AB lifted its holdings in Masco by 43.4% during the 2nd quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock worth $9,977,000 after purchasing an additional 46,932 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Price Performance

Shares of NYSE MAS opened at $64.69 on Friday. The stock has a market capitalization of $13.54 billion, a PE ratio of 16.59, a P/E/G ratio of 2.69 and a beta of 1.18. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. The business has a fifty day moving average price of $70.69 and a two-hundred day moving average price of $67.14. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $83.06.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $1.08 EPS. Masco’s quarterly revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, equities analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Masco’s payout ratio is 31.79%.

Insiders Place Their Bets

In other news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MAS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Wells Fargo & Company dropped their price target on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday. Royal Bank Of Canada dropped their price objective on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and an average target price of $73.07.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.